The industrial market in the Greater Columbus region saw positive absorption of 52,000 square feet in Q4 2011, led by Zulily leasing over 737,000 square feet at 3051 Creekside Parkway. There were also several significant investment sales, including KTR Capital Partners purchasing five properties totaling over 2.5 million square feet from Allianz Life Insurance Co. for $62 million. Vacancy rates remained stable at 11.9% while rental rates also remained stable compared to previous quarters. Construction activity decreased compared to previous quarters.
Dealing With Divergences - Blackrock 2015 OutlookJoão Pinto
2015 Investment Outlook
Economic growth and monetary policies are diverging across the world. Get ready for volatility spikes in 2015—and new opportunities.
We debated this at our 2015 Outlook Forum in mid-November in London. The semi-annual event, the seventh of its kind, was marked by intense investment debates in small and large groups.
The 20-page piece includes: our 2015 base case (see chart below); top investment ideas; in-depth sections on valuations, volatility and currencies; five interactive graphics; and spotlights on key regional investment trends.
Socializing Your Brand: Why social media should inform branding - and vice-versaOff Madison Ave
Want to know what consumers really think about your brand? Scrap the expensive, worldwide tour of focus groups – social media will give you more genuine and insightful answers.
Learn how you can get useful consumer insights about your brand from social media. Using surveys, polls and social monitoring tools, your brand can benefit from gathering data on interesting brand perceptions, untapped audiences and new trends in the marketplace.
Since brand-building is a two-way street, find out how you can effectively bring your brand to social media while making the acknowledgment of these new findings and audiences a key strategy in using such platforms.
Professor Hugh Possingham is currently the Director of the Ecology Centre at The University of Queensland. Hugh has over 290 publications, 5300 Web of Science citations and a lab of 32 students and staff. Work from his lab helped stop land clearing ("the Brigalow Declaration") in Queensland and NSW securing at least 1 billion tonnes of CO2.
"We generally assume that all monitoring is good. However there are numerous examples of people monitoring things to extinction and monitoring with no clear objective. Hugh Possingham will present a completely different way of looking at environmental monitoring - using decision science thinking. This approach enables us to work out how much of our precious budget should be spent monitoring, if any! The problem with existing monitoring, aside from doing too little, is that ecologists have been trained within a classical null hypothesis testing framework - great for pure science, rubbish for solving environmental problems."
Dealing With Divergences - Blackrock 2015 OutlookJoão Pinto
2015 Investment Outlook
Economic growth and monetary policies are diverging across the world. Get ready for volatility spikes in 2015—and new opportunities.
We debated this at our 2015 Outlook Forum in mid-November in London. The semi-annual event, the seventh of its kind, was marked by intense investment debates in small and large groups.
The 20-page piece includes: our 2015 base case (see chart below); top investment ideas; in-depth sections on valuations, volatility and currencies; five interactive graphics; and spotlights on key regional investment trends.
Socializing Your Brand: Why social media should inform branding - and vice-versaOff Madison Ave
Want to know what consumers really think about your brand? Scrap the expensive, worldwide tour of focus groups – social media will give you more genuine and insightful answers.
Learn how you can get useful consumer insights about your brand from social media. Using surveys, polls and social monitoring tools, your brand can benefit from gathering data on interesting brand perceptions, untapped audiences and new trends in the marketplace.
Since brand-building is a two-way street, find out how you can effectively bring your brand to social media while making the acknowledgment of these new findings and audiences a key strategy in using such platforms.
Professor Hugh Possingham is currently the Director of the Ecology Centre at The University of Queensland. Hugh has over 290 publications, 5300 Web of Science citations and a lab of 32 students and staff. Work from his lab helped stop land clearing ("the Brigalow Declaration") in Queensland and NSW securing at least 1 billion tonnes of CO2.
"We generally assume that all monitoring is good. However there are numerous examples of people monitoring things to extinction and monitoring with no clear objective. Hugh Possingham will present a completely different way of looking at environmental monitoring - using decision science thinking. This approach enables us to work out how much of our precious budget should be spent monitoring, if any! The problem with existing monitoring, aside from doing too little, is that ecologists have been trained within a classical null hypothesis testing framework - great for pure science, rubbish for solving environmental problems."
Addressing Anaerobic Digestion financial issuesIona Capital
Michael Dunn - Director, Iona Capital
Michael is a Director with Iona Capital, a private equity company that manages retail and institutional funds targeting the energy from waste sector and specifically seeks to invest in anaerobic digestion projects that require external funding. Iona Capital has recently completed a £6m investment, with Biogen Ltd as the operating partner, in an SPV co-owned with Biogen Ltd. He has held senior level positions with Shanks Group , Veolia Group and Amey Group. He currently holds a variety of sector-related non executive director roles including sitting on London Waste Ltd's board. He has a Masters in Finance degree from the London Business School.
This presentation was given on 27 September, 2012 at "Anaerobic Digestion: Accelerating the Rollout" event
December Chain Store Sales comps increased by 3.5%,
slightly less than 2010. Combined with November results, Holiday 2011 sales were up
3.3%, a solid performance but less than the 3.8% sales growth generated last year. Boots,
colored denim, handbags, and luxury performed well while cold weather apparel and
sportswear lagged. Mobile devices, including smartphones and tablets, led in electronics.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
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[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
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➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
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➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
1. Q4 2011 | INDUSTRIAL
GREATER COLUMBUS REGION
INDUSTRIAL TRENDS REPORT
Growth, Expansion Marks 2011
INDUSTRIAL MARKET OVERVIEW
The fourth quarter continued in positive growth from the second and third quarters with 52,000
square feet of positive absorption. The largest movement in absorption was expected from Mars
Petcare moving out of more than 700,000 square feet in two separate facilities, 3051 Creekside and
3800 Groveport Road. With the completion of their new 1.3 million square foot facility last quarter,
some large negative absorption was expected. Instead, Zulily took 737,741 square feet at 3051
Creekside driving 130,000 square feet of absorption. The new lease occurred while Allianz Life
MARKET INDICATORS Insurance Co. was under contract to sell property as a part of a portfolio sale to KTR Capital Partners.
Q3 Q4
FORECASTS AND REFLECTION
2011* 2011**
• There were six significant investment sales Albany is Knowlton’s 240,000-square-foot
VACANCY (sales with full occupancy) in the Columbus facility, Axium Plastic’s 110,000 square foot
market. STAG Industrial purchased the facility, and Pizzuti’s 303,000-square-foot
NET ABSORPTION 385,000-square-foot 1120 Morrison Road for speculative warehouse. Pizzuti’s construction
CONSTRUCTION
$7.8 million, 9.0 percent cap rate. KTR Capital continues for MBM in Groveport as well with
Partners purchased five properties from approximately 125,000 square feet.
RENTAL RATES — — Allianz Life Insurance Co. as part of an 18 • Tenants are optimistic about growing consumer
property sale. The Columbus transfer totalled demand, but cautious in expanding their lease
*Actual change from previous quarter
2.5 million square feet for $62 million. for long terms (5+ years). Companies are still
**Projected change from previous quarter
• VeePak completed its 105,000-square-foot leery of another slowdown.
facility in New Albany. Still underway in New
RENTAL RATES
PROPERTY TYPE VACANCY RATES OVER COMPLETIONS
WEIGHTED AVERAGE RENTAL RATES
Asking rental rates remained
Rates for the Major Product Types
17.0 2,500,000 stable from last quarter.
$7
2.5 $2.20 16.0 2,000,000 Supply has decrease over the
$2.15
15.0 1,500,000
past two quarters by 1.6
2.0 $6
$2.10
percent points, from 13.5 to
$2.05 14.0 1,000,000
1.5 11.8 percent.
$5 $2.00
1.0
13.0 500,000
$1.95
$1.90 12.0 0
0.5 $4
$1.85
11.0 (500,000)
0 $1.80
$33Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q10 4Q10
10.0 (1,000,000)
$2 9.0 (1,500,000)
3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
08 08 09 09 09 09 10 10 10 10 11 11 11 11 8.0 (2,000,000)
General Industrial R&D/Flex Warehouse/Dist. 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q Q2 Q3 Q4
1 08 5
08 09 09 10 09
09 10 15 10 10 20
10 11 11 25
11 11 30
Completions Absorptions Total Market Vacancy Rate
www.colliers.com/columbus
2. RESEARCH & FORECAST REPORT | Q4 2011 | INDUSTRIAL | GREATER COLUMBUS REGION
Delaware REGIONAL INDUSTRIAL ECONOMICS October, with an increase of 1.8 percent year
County
Union The Federal Reserve Bank of Cleveland reports over year. Mining, logging and construction
County
at least once a quarter in the Federal Reserve’s decreased by 1,000 employees from October
North
Beige Book about the economic activity of the and is up 13.9 percent year over year.
Licking
Madison
County County fourth district, which includes the Columbus
East
Metropolitan Statistical Area (MSA). The Beige ASKING RATES
West
Book from January 2011 reported that industrial Average asking rental rates increased slightly
CBD activity in the fourth district grew at a slow pace from the second quarter. R&D/Flex space
in the six weeks previous to January 11. Freight increased by $0.38; general industrial decreased
Southwest Southeast
Fairfield
transportation executives reported that transport by $0.17; and warehouse/distribution by $0.01.
County volume slowed along seasonal trends. Capital General industrial prices did not change
Pickaway County outlays are expected to increase during 2012 for significantly but the amount of available space at
fleet expansion and replacement of aging higher prices did change. The R&D/Flex
The Columbus industrial market consists equipment. increased substantially due to the actual change
of 10 suburban submarkets and the
in prices, the median price increased only by
Central Business District. The total
inventory for the region is 213 million Manufacturers reported that new orders were $0.20 and the non-weighted mean increased
square feet of space mainly stable with any declines due to seasonal only by $0.10. As stated in the Q3 Market Report,
factors. Demand is being driven by auto, energy the market has likely seen the end of bottoming
and heavy equipment industries. Manufacturers prices and we expect that there will be slight
remained committed to capital spending plans increases to asking rates.
for 2012. Capacity utilization was below normal
for all industries except for steel production. MARKET INTEL
Hiring continued at a modest pace, but managers Market Activity Volume is the sum of the
found it difficult to find high-skilled and absolute value of each absorption change in the
professional workers. market. It tells us a little more about what
exactly happened to the market behind the
The Bureau of Labor Statistics reported that absorption number. The Market Activity Volume
manufacturing employment of 63,100 employees was 3,654,787 square feet. With only 52,000
in November which was an increase of 800 over feet absorbed, the market seems to be settling
October. Year over year manufacturing is down from the past two quarters, where large positive
by 0.3 percent. Trade, transportation and utilities gains dominated the movement in the market.
employment grew by 5,700 employees from
MARKET ACTIVITY
SALES ACTIVITY
PROPERTY ADDRESS SALES DATE SALE PRICE SIZE SF GRANTOR GRANTEE PRICE / SF TYPE SUBMARKET
6766 Pontius Road November $17,000,000 754,000 Allianz Life Insurance Co KTR Capital Partners $22.55 Ware./Dist. Southeast
3051 Creekside November $18,500,000 737,000 Allianz Life Insurance Co KTR Capital Partners $25.10 Ware./Dist. Southeast
Parkway
6250 Opus Drive October $13,739,300 676,564 CBRE Realty Trust Exeter Property Group $20.31 Ware./Dist. Southeast
5820 Opus Drive November $10,300,000 406,694 Allianz Life Insurance Co KTR Capital Partners $25.33 Ware./Dist. Southeast
1120 Morrison Road October $7,800,000 385,655 Hollingsworth Capital Partner STAG Industrial $20.23 Ware./Dist. East
5765 N Green Pointe November $8,900,000 358,760 Allianz Life Insurance Co KTR Capital Partners $24.81 Ware./Dist. Southeast
Drive
5650 Green Pointe Drive November $7,300,000 270,000 Allianz Life Insurance Co KTR Capital Partners $27.04 Ware./Dist. Southeast
4252 Groves Road December $2,225,000 208,000 4252 Groves Road Equities City of Columbus $10.70 Ware./Dist. Southeast
LEASE ACTIVITY
PROPERTY ADDRESS LEASE SF LESSOR LESSEE ASKING PRICE (NNN) TYPE SUBMARKET
3051 Creekside Parkway 737,471 Allianz Life Insurance Co. Zulily $3.25 Warehouse/Distribution Southeast
3425 Urbancrest Industrial Dr 188,000 Security Capital Industrial Trust Round 2 - Warehouse/Distribution Southwest
3420 Urbancrest Industrial Drive 88,024 ProLogis Trust Exel $2.95 Warehouse/Distribution Southwest
111 Enterprise Drive 65,000 Paragano Nazario P.A.C. $2.70 Warehouse/Distribution Licking
2235 Southwest Boulevard 48,488 Industrial Southpark Owner LLC Cinco Electric $3.10 (MG) R&D/Flex Southwest
P. 2 | COLLIERS INTERNATIONAL
3. RESEARCH & FORECAST REPORT | Q4 2011 | INDUSTRIAL | GREATER COLUMBUS REGION
UPDATE Market Comparisons
INDUSTRIAL MARKET
Net Absorption Construction Asking Rental Rates
SUBMARKET Total SF Vacant SF Vacancy % Current Quarter Year-to-date Current Completions WH/Dist R&D/Flex
CBD 5,907,062 685,817 11.6 30,500 392,858 - - - $6.59
EAST 20,682,243 4,238,914 20.5 1,756 (463,580) - - $3.25 $6.00
FAIRFIELD 6,771,842 617,675 9.1 (293,548) (214,948) - - $4.00 $6.90
LICKING 18,832,930 1,297,016 6.9 65,000 402,874 773,000 105,000 $2.90 -
MADISON 8,148,397 - 0.0 - - - - - -
NORTH 16,747,138 1,589,882 9.5 (22,600) (124,468) - 70,000 $3.18 $5.16
NORTH DELAWARE 9,132,849 1,057,267 11.6 (5,633) (175,016) - - $2.99 $6.75
PICKAWAY 3,550,850 71,900 2.0 - - - - $2.48 -
SOUTHEAST 64,181,757 10,347,192 16.1 (263,857) 920,384 125,000 - $2.62 $3.22
SOUTHWEST 17,683,127 1,156,899 6.5 319,581 468,991 - - $2.92 $4.45
UNION 6,333,817 362,765 5.7 143,800 151,032 - - - $4.33
WEST 35,935,786 3,933,936 10.9 77,162 1,731,891 - - $2.34 $4.31
TOTALS 213,907,798 25,359,263 11.9 52,161 3,090,018 898,000 175,000 $2.69 $4.66
Net Absorption Construction Asking Rental Rates
SUBMARKET Total SF Vacant SF Vacancy % Current Quarter Year-to-date Current Completions By Product Type
R&D/FLEX 20,280,125 3,044,234 15.0 175,908 574,599 - 70,000 $4.66
GENERAL INDUSTRIAL 71,945,139 5,890,939 8.2 147,147 295,603 428,000 - $3.07
WAREHOUSE/ 121,752,534 16,424,090 13.5 (270,894) 2,219,816 470,000 105,000 $2.69
DISTRIBUTION
TOTALS 213,977,798 25,359,263 11.9 52,161 3,090,018 898,000 175,000 $2.99
QUARTERLY COMPARISON AND TOTALS
Net Absorption Construction Asking Rental Rates
QUARTER, YEAR Total SF Vacant SF Vacancy % Current Quarter Year-to-date Current Completions ($)
Q3, 2011 213,802,798 25,411,424 11.9 1,286,321 3,037,857 1,003,000 1,800,000 $2.80
Q2, 2011 211,998,240 26,697,745 12.6 2,113,899 1,751,536 1,992,000 - $2.80
Q1, 2011 211,923,599 28,974,755 13.5 (362,363) (362,363) 1,992,000 - $2.72
Q4, 2010 205,420,829 26,113,915 12.7 743,685 (766,901) 1,575,000 (536,292) $2.57
CONSTRUCTION
McGraw-Hill Construction’s most recent
report showed construction starts
for commercial, industrial, hotel and
institutional projects increased to $50
million in the eight-county region in
September to $50 million, from $42.74
million in September 2010. The year to
date total of nonresidential construction
contracts through the first nine months
of 2011 fell to $784.83 million which is
26 percent below 2010’s $1.07 billion.
COLLIERS INTERNATIONAL | P. 3
4. RESEARCH & FORECAST REPORT | Q4 2011 | INDUSTRIAL | GREATER COLUMBUS REGION
CENTRAL BUSINESS DISTRICT feet of 3800 Groveport Road. Exel vacated
173,457 square feet 6360 Port Road.
The Central Business District (CBD) added
30,500 square feet of positive absorption in the
512 offices in
fourth quarter. The vacancy rate has steadily
Construction continues on Pizzuti’s
125,000-square-foot facility for MBM in
61 countries on
fallen over the past five quarters by 665 basis
points to 11.6 percent. Buckeye Diamond
Groveport at 2240 Creekside Parkway. 6 continents
Logistics took 16,500 square feet at Techsouth
SOUTH United States: 125
C. Canada: 38
The southern submarkets are Pickaway and Latin America: 18
EAST Fairfield counties. Fairfield lost 316,000 square Asia Pacific: 214
feet at 411 Ewing Street. No changes were EMEA: 117
The submarkets comprising eastern Columbus recorded in Pickaway.
are East and Licking County. Construction has • $1.5 billion in annual revenue
been completed for VeePak’s 105,000 square • 978.6 million square feet under
SOUTHWEST management
foot facility as well as the 70,000 square feet of
The Southwest submarket showed absorption of
Pharmaforce’s new R&D/Flex facility. • Over 12,500 professionals
319,581 square feet. The largest gains in
absorption came from Round 2 moving into
Quebec Ontario-based KDC is expected to UNITED STATES:
188,000 square feet of 3425 Urbancrest
complete its 240,000-square-foot building in
Industrial Drive. Exel moved into 88,000 square Columbus
spring 2012. Mississauga, Canada-based Axium
feet of 3420 Urbancrest Industrial Drive from Richard B. Schuen SIOR CCIM
Plastics will complete a 110,000-square-foot CEO | Principal | Columbus
the Southeast submarket. Cinco Electric
facility in spring 2012, employing 165. 8800 Lyra Drive
absorbed 48,488 square feet of 2235 Southwest
Construction continues on Pizzuti’s Suite # 150
Boulevard through purchase. Columbus, Ohio 43240
303,000-square-foot speculative building
TEL +1 614 410 5612
planned for spring 2012. Sonoco is constructing
WEST
a 120,000-square-foot facility and is also
expected to be completed in 2012. The submarkets on the west side of Franklin
Leslie Hobbs
county are West, Madison and Union. The West Marketing and Research Manager
NORTH gained marginally with 3701 Lacon Road, which 8800 Lyra Drive
was sold to an owner/user. Aoki Manufacturing Suite #150
The submarkets comprising northern Columbus Columbus, Ohio, 43240
absorbed 55,470 square feet after purchasing
are North and North Delaware. Both submarkets TEL +1 614 410 5640
1705 Atlas Street.
lost a small amount of occupancy this quarter. In
the North, DRC Automation moved out of 20,540
YEAR END WRAP-UP Jonathan Badgley
square feet at 7830-7832 North Central Drive.
The Columbus industrial market strengthened Research Analyst
Carmel Pharma who had been leasing 13,120 175 South Third Street
square feet at 7029 Huntley was bought out and throughout 2011. Strong leasing in the second Suite # 285
has been closed. In North Delaware, Granite Co. quarter and third quarter of 2,113,899 and Columbus, Ohio 43201
moved out of 15,673 square feet of space. 1,286,321 square feet respectively, drove the TEL +1 614 437 4495
Oxywater moved into 19,140 square feet at 8255 vacancy rate down 160 basis points.
Green Meadows Drive.
In 2010, the market had lost more than 2.5
SOUTHEAST million square feet of industrial space from the
demolitions of a Big Bear distribution facility on This document/email has been prepared by Colliers
The Southeast submarket incurred 263,857 International for advertising purposes. Colliers
3rd Avenue in Grandview and a property located International statistics and data are audited annually and
square feet of negative absorption. 2175 Broehm
at 200 Georgesville Road. In 2011, however, the may result in revisions to previously reported quarterly
Road was purchased by an owner user adding and final year-end figures. Sources include Columbus
market gained 1,975,000 square feet with Dispatch, Business First, Xceligent, and the Wall Street
203,000 to occupancy. 3051 Creekside Parkway
898,000 square feet still under construction in Journal.
has been fully leased by Zulily netting 130,000
2012.
square feet of absorption. 1662 Williams Road
was purchased by an owner user and added
The largest leases of the year were Thirty-One
96,034 square feet to occupancy. 4333 Directors
Gifts leasing 750,000 square feet at 4545 Fisher
Boulevard was purchased by an owner user
Road; Zulily, leasing 737,000 square feet at 3051
adding 43,460 to occupancy.
Creekside Parkway; and Sperian, leasing
500,000 square feet at 6766 Pontius Road.
Significant negative absorption came from Mars
Petcare’s vacancy of more than 700,000 square Accelerating success.
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